Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Now Covered by The Goldman Sachs Group

Key Points

• Goldman Sachs has initiated coverage on Rolls-Royce Holdings PLC with a "buy" rating, indicating a positive outlook on the aerospace company's stock.
• In contrast, Kepler Capital Markets downgraded Rolls-Royce from a "strong-buy" to a "hold" rating, reflecting mixed sentiments among analysts.
• Hedge funds have increased their holdings in Rolls-Royce, with significant investments from multiple institutional investors over recent quarters.

The Goldman Sachs Group began coverage on shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Free Report) in a research note issued to investors on Friday, MarketBeat.com reports. The firm issued a buy rating on the aerospace company's stock.

Separately, Kepler Capital Markets lowered Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Rolls-Royce Holdings PLC Price Performance

Rolls-Royce Holdings PLC stock traded up $0.13 during trading on Friday, reaching $15.94. The company had a trading volume of 19,147,530 shares, compared to its average volume of 3,610,582. The stock's 50 day moving average price is $14.46 and its two-hundred day moving average price is $12.24. Rolls-Royce Holdings PLC has a 12-month low of $6.70 and a 12-month high of $16.04.

Rolls-Royce Holdings PLC Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 25th. Investors of record on Tuesday, August 12th will be paid a $0.0596 dividend. The ex-dividend date is Monday, August 11th. This represents a dividend yield of 97.0%.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

A number of institutional investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its stake in Rolls-Royce Holdings PLC by 1.5% during the second quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company's stock worth $1,103,000 after purchasing an additional 1,205 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in Rolls-Royce Holdings PLC by 31.8% in the first quarter. First Horizon Advisors Inc. now owns 8,526 shares of the aerospace company's stock worth $84,000 after purchasing an additional 2,055 shares during the period. GAMMA Investing LLC increased its stake in shares of Rolls-Royce Holdings PLC by 14.7% during the first quarter. GAMMA Investing LLC now owns 29,344 shares of the aerospace company's stock valued at $288,000 after acquiring an additional 3,771 shares during the period. Yousif Capital Management LLC lifted its position in shares of Rolls-Royce Holdings PLC by 7.8% during the 2nd quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company's stock valued at $1,419,000 after acquiring an additional 7,705 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. purchased a new stake in shares of Rolls-Royce Holdings PLC in the 2nd quarter valued at approximately $174,000. Institutional investors and hedge funds own 0.07% of the company's stock.

About Rolls-Royce Holdings PLC

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.